BOC ties up with US, UN to bolster trade | Inquirer Business

BOC ties up with US, UN to bolster trade

Amid efforts to ease two-way trade of goods and fight smuggling, the Bureau of Customs (BOC) has partnered with the United Nations and the United States Embassy to explore possible joint initiatives.

Customs Commissioner Bienvenido Rubio said in a statement the partnership with the UN Economic and Social Commission for Asia and the Pacific (Escap) is in line with the ongoing efforts of the bureau to promote and advance the trade facilitation agenda among relevant stakeholders.

The BOC through its National Trade Facilitation Champions and UN Escap recently held a joint consultative session to get valuable inputs for the feasibility study on the electronic exchange of trade-related data and documents in the Philippines.

Article continues after this advertisement

Trade facilitation

FEATURED STORIES

Also, this partnership falls under the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific.

Rubio said the study aims to expedite the implementation of digital trade facilitation measures for trade and development between Escap and the Philippine customs.

Article continues after this advertisement

The feasibility study also delves into a comprehensive analysis of the technological capabilities, legal frameworks, and operational requirements necessary for the implementation of electronic trade data exchange.

Article continues after this advertisement

“We believe that the implementation of paperless trade will not only help us achieve these objectives but also enhance transparency and reduce expenses,” Rubio said.

Article continues after this advertisement

Meanwhile, the BOC and the US Embassy-Manila Special Operations Command Pacific INDOPACOM (Indo-Pacific Command) convened on May 18 for a consultative meeting.

The meeting was intended to explore potential areas of cooperation, intensify border control, and strengthen the relationship between the two agencies.

Article continues after this advertisement

“The establishment of a strong collaboration between the BOC and the US Embassy will undoubtedly enhance the capabilities and technical know-how of BOC personnel,” Rubios said.

“This will create opportunities to intensify border protection and combat smuggling further,” he added. INQ

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Business, customs

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.